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of the processors and storage. by the way in storage there's something called moore's law in processing, storage the greater change is double every nine months than 18 months. twice the rate. so but the point is in the technology world you have to think about the companys producing innovation not producing products and services in order to stay ahead of the curve. >> jonathan, you want to pick up on this? >> i'm sorry. i'm a philosopher. i don't know how to innovate. and what strikes me about innovation, of course, is that -- this is something the president gave us a good example a few minutes ago, retroviruses and basic medical science turned into very important, as part of the treatment, and understanding of hiv-aids. years later. if you think of the internet it was packet switching, then turned into the internet and finally the web. there's a myth about americans that we only care about application n fact we are the most effective basic science producers in history. now, the founders, to use an overused cliche, had innovation in their d.n.a. the articles of confederation required standards of
an introduction, shelly moore capito. >> i knew following mario was going to be a problem. but anyway, thank you all for being here. i want to thank the families and the young children who are here. i come from a different viewpoint. i do have a grandchild and i see this through her eyes and the debt that christie talked about is very daunting for her. but i'm also in that middle generation where i'm caring for my parents. they're heavily reliant on medicare and social security and me and our family to support them. and i understand how important those safety net programs are for them. but for these children, if we don't take the opportunity that we have this week, this month, to look at those programs so that when these children are the age of my parents and their children are trying to figure out how to meet those heavy costs of their health care, we will have missed an opportunity that would be unforgivable. and so for my parents, my grandchild and for me and for all the parents and grandchildren and caregivers in this country, we must come with this commonsense plan, we can't ask people arou
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